What You Need to Know: NYS Transformation Grant IV

Since the beginning of the new year, the New York State Department of Health (NYSDOH) and the Dormitory of the State of New York (DASNY) have announced the availability of up to $950 million in funding for three opportunities under the Statewide Health Care Facility Transformation Program. These include:

1. SHCFTP IV and V for Health IT, Cybersecurity, and Telehealth Transformation
2. SHCFTP IV
3. SHCFTP IV for Residential and Community-based Alternatives to the Traditional Model of Nursing Home Care

To maximize your chances of success in securing funding from the three available opportunities, it's crucial to execute a well-coordinated and strategic approach. This includes careful planning, clear communication of your organization's goals, showcasing the alignment of your project with the funding criteria, and demonstrating the anticipated positive impact.

SHCFTP IV and V for Health IT Cybersecurity, and Telehealth Transformation

Recognizing the pivotal role of technology in shaping the future of healthcare, NYSDOH aims to address health equity challenges. While technology advancements have the potential to bridge gaps, the digital divide, especially among the elderly and low-income communities, poses challenges that require strategic solutions. Through the Statewide Health Care Facility Transformation Program (SHCFTP), the NYSDOH will provide funding for capital, non-capital and working capital expenses for projects focused in one of the four areas:

• Electronic Health Records
• Cybersecurity
• Health Management Tools
• Telehealth

SHCFTP IV

There is a funding pool of up to $250 million dedicated to initiatives focused on reducing healthcare costs and enhancing health outcomes for New Yorkers. The goal is to expand access to inpatient, primary, preventive, and other ambulatory care services within regionally integrated healthcare delivery systems.

Consistent with previous rounds of SCHFTP, these funds are available to provide for capital projects and debt restructuring.

SHCFTP IV for Residential and Community-based Alternatives to the Traditional Model of Nursing Home Care

NYSDOH has allocated up to $50 million in support of capital projects directly related to residential and community-based alternatives to the traditional model of nursing home care.

Eligible organizations include:

• Hospitals
• Residential Health Care Facilities
• Adult Care Facilities
• Diagnostic and Treatment Centers
• Clinics
• Children's Residential Treatment Facilities
• Assisted Living Programs
• Behavioral Health
• Home Care Providers
• Primary Care Providers
• Hospices
• Community-Based Programs funded under the office of mental health, the office of addiction services and supports, the office for people with developmental disabilities, or through local governments.
• Independent Practice Associations or Organizations
• Residential Facilities
• Day Programs
• Midwifery Birth Center

Key Dates

What’s Next

If you're ready to explore this transformative funding opportunity and elevate your organization's technological and telehealth capabilities, we invite you to partner with us to enhance your grant application process. Our team is well-equipped to guide your organization in preparing a strong response for valuable funds.

This material has been prepared for general, informational purposes only and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. Should you require any such advice, please contact us directly. The information contained herein does not create, and your review or use of the information does not constitute, an accountant-client relationship.